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28.05.2025 08:39 AM
With the appearance of Convergence between the movement of the AUD/JPY currency pair against the Stochastic Oscillator indicator and also confirmed by its price movement which is moving above the WMA (21) which has a slope that is also going upwards on the 4-hour chart, then in the near future AUD/JPY has the potential to strengthen upwards where the level of 93.66 will be tested and if it is successfully broken and closes above it, then AUD/JPY has the potential to continue its strengthening to the level of 94.28 and if the volatility and momentum of its strengthening support it, then 94.86 will be the next target to be aimed for, but if on its way to the target levels there is a sudden weakening that breaks and closes below the level of 91.59, then all strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.
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